A Business at a Glance
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In this Annual Report on Form 10-K for the fiscal year ended June 30, 2025 (this "Annual Report"), “Applied” refers to Applied Industrial Technologies, Inc., an Ohio corporation. References to “we,” “us,” “our,” and “the Company” refer to Applied and its subsidiaries. Headquartered in Cleveland, Ohio, Applied and its predecessor companies have engaged in business since 1923. The fiscal year end for Applied is June 30, 2025. We are a leading distributor and technical solutions provider of industrial motion, power, control, and automation technologies. Through our comprehensive network of approximately 6,800 employee associates and approximately 600 facilities including service center, fluid power, flow control, and automation operations, as well as repair shops and distribution centers, we offer a selection of more than 9.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 4.8B | 4.6B | 4.5B | 4.4B | 3.8B | 3.2B |
| Net Income | 404M | 393M | 386M | 347M | 257M | 145M |
| EPS | $8.31 | $10.12 | $9.83 | $8.84 | $6.58 | $3.68 |
| Free Cash Flow | 458M | 465M | 347M | 317M | 169M | 226M |
| ROIC | 20.1% | 17.0% | 17.8% | 17.6% | 15.9% | 11.5% |
| Gross Margin | 30.4% | 30.3% | 29.8% | 29.2% | 29.0% | 28.9% |
| Debt/Equity | 0.51 | 0.52 | 0.58 | 0.69 | 0.96 | 0.89 |
| Dividends/Share | $1.29 | $1.66 | $1.44 | $1.38 | $1.34 | $1.30 |
| Operating Income | 517M | 499M | 496M | 473M | 358M | 205M |
| Operating Margin | 10.9% | 10.9% | 11.1% | 10.7% | 9.4% | 6.3% |
| ROE | 21.5% | 22.2% | 24.5% | 26.6% | 24.7% | 16.3% |
| Shares Outstanding | 54M | 39M | 39M | 39M | 39M | 39M |
APPLIED INDUSTRIAL TECHNOLOGIES INC passes 6 of 9 quality checks, suggesting mixed fundamentals.
APPLIED INDUSTRIAL TECHNOLOGIES INC trades at 27.9x trailing earnings, compared to its 15-year median P/E of 18.5x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 23.9x vs a median of 16.0x. The company's 5-year average ROIC is 16.0% with a gross margin of 29.5%. Total shareholder yield (dividends + buybacks) is 2.1%. At current prices, the estimated annualized return to fair value is +16.2%.
APPLIED INDUSTRIAL TECHNOLOGIES INC (AIT) has a current P/E ratio of 27.9, compared to its historical median P/E of 18.5. The stock is currently considered Fair based on its historical valuation range.
APPLIED INDUSTRIAL TECHNOLOGIES INC (AIT) has a 5-year average return on invested capital (ROIC) of 16.0%. This indicates strong capital allocation and a potential competitive advantage.
APPLIED INDUSTRIAL TECHNOLOGIES INC (AIT) has a market capitalization of $15.9B. It is classified as a large-cap stock.
Yes, APPLIED INDUSTRIAL TECHNOLOGIES INC (AIT) pays a dividend with a trailing twelve-month yield of 0.44%. The company also returns capital through share buybacks, with a buyback yield of 1.67%.
Based on historical P/E analysis, APPLIED INDUSTRIAL TECHNOLOGIES INC (AIT) appears fair. The current P/E of 27.9 is 51% above its historical median of 18.5. The estimated fair value CAGR (P/E method) is 32.5%.
APPLIED INDUSTRIAL TECHNOLOGIES INC (AIT) operates in the Wholesale-Machinery, Equipment & Supplies industry, within the Consumer Cyclical sector.
APPLIED INDUSTRIAL TECHNOLOGIES INC (AIT) reported annual revenue of $4.6 billion in its most recent fiscal year, based on SEC EDGAR filings.
APPLIED INDUSTRIAL TECHNOLOGIES INC (AIT) has a net profit margin of 8.6%. This is a modest margin.
APPLIED INDUSTRIAL TECHNOLOGIES INC (AIT) generated $465 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
APPLIED INDUSTRIAL TECHNOLOGIES INC (AIT) has a debt-to-equity ratio of 0.52. This indicates moderate leverage.
APPLIED INDUSTRIAL TECHNOLOGIES INC (AIT) reported earnings per share (EPS) of $10.12 in its most recent fiscal year.
APPLIED INDUSTRIAL TECHNOLOGIES INC (AIT) has a return on equity (ROE) of 22.2%. This indicates the company generates strong returns for shareholders.
APPLIED INDUSTRIAL TECHNOLOGIES INC (AIT) has a 5-year average gross margin of 29.5%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 15 years of financial data for APPLIED INDUSTRIAL TECHNOLOGIES INC (AIT), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
APPLIED INDUSTRIAL TECHNOLOGIES INC (AIT) has a book value per share of $47.50, based on its most recent annual SEC filing.